TRADExpress RealTime Clearing

diliger will help qualify your requirements and introduce you to the vendor

Spotted a missing vendor? Use this form to alert a vendor to the diliger service

Create a vendor selection project & run comparison reports

Register to access this feature

Click to express your interest in this report

Indication of coverage against your requirements

Vendor requires PRO subscription to activate this feature

Requires research subscription, contact diliger for more info

Overview

Equipped to handle the radically growing demands on clearing and risk management and support business development, TRADExpress™ RealTime Clearing is a high-performance solution that manages risk and settlement over multiple asset classes. The solution handles exchange-traded and OTC instruments—both central counterparty and bilaterally cleared.

The system is based on the TRADExpress™ Platform, proven in some of the world’s most demanding marketplaces. Scalability, redundancy, and extensibility are key strengths. Capacity can be increased easily by partitioning in several dimensions via reconfiguration (without any code modification).

TRADExpress RealTime Clearing can be ordered as hosted and fully managed by Cinnober’s experienced service organization.

Key Features

Capacity to manage millions of accounts and thousands of transactions per second at market-leading low latency.

Position keeping, margin calculations, collateral valuations, and stress testing are performed in real time as well as cross-margining, pre-trade risk controls, and what-if scenarios.

Plug-in architecture enables swift implementation of new instruments and multiple risk methods. The system includes the Standard Portfolio Analysis of Risk (SPAN)* and Value at Risk (VaR) models. Other algorithms can be implemented efficiently as plug-ins.